Pakistan, April 25 -- Standard Chartered Bank (Pakistan) Limited (SCBPL), a subsidiary of Standard Chartered Plc, said on Tuesday that the announcement of financial results for the year 2023 "triggered" a positive trend in the price of its shares.
In a notice to the Pakistan Stock Exchange (PSX), which was aimed at responding to a PSX letter, SCBPL stated: "We understand that a positive trend in the price of the shares of SCBPL was triggered with the announcement of financial results on 23 February 2024 as investors reacted favourably to the strong financial performance of the bank in the backdrop of overall bullish trend in the stock market."
The notice came as the company's share price remained largely stable from November 1, 2023, to M...